Corporate Law and Governance: Shareholder Derivative Suits

Curtis J. Milhaupt and Mark D. West

in Economic Organizations and Corporate Governance in Japan

Published in print June 2004 | ISBN: 9780199272112
Published online August 2004 | e-ISBN: 9780191601316 | DOI:
Corporate Law and Governance: Shareholder Derivative Suits

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Presents a paradigmatic case of law's role in facilitating change in the Japanese economy: shareholder derivative suits. After discussing the structure of corporate governance in Japan, the authors show how a seemingly technical and innocuous legal change in 1993 led to large‐scale changes in the scope and mechanics of shareholder monitoring in that country.

Keywords: corporate governance; Japan; shareholder derivative suits

Chapter.  16962 words. 

Subjects: Financial Markets

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